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The Attached Recent Strength indicator plots the relative strengths of each currency against each other, on any timeframe(s) that you choose. Each colored line represents the strength of a currency averaged across (potentially) all of the related pairs offered by MT4 broker.

The indicator can potentially be used as an adjunct to any trading system, helping us decide which pair(s) to concentrate your trading on. I have no programming skills therefore I thought to explain this graphically.

What’s makes this strategy unique is that it can be able to withstand any forex market condition & still remain profitable. At the moment this indy needs to issue alerts & trades entered manually. This is because there are important market variables such as support & resistance, major physiological levels, News factor, Average daily Range etc, needs to be considered before a trade is taken.

See attached and notice how the indy is plotting, a common strong currency (CHF) appearing amongst the upper 3 currencies across all M5,M15,M30,H1,H4 timeflames and a week currency (USD) appearing among lower 3 currencies across all M5,M15,M30,H1,H4 timeflames.I consider CHF currency as “dominant” amongst upper 3 currencies & USD “dominant” amongst lower 3 currencies. A pair USDCHF is then identified for a possible Short trade and an alert issued.

I have tried to use different settings on Numpoints, SmoothingSMA & Weights parameters and have found changes made to these parameters does not affect how these dominant currencies are displayed by the strength indy.

Also I have done testes with different MT4 brokers i.e Forex Trading | Best Forex Broker*- MIG BANK whose MT4 provides ALL possible 28 pair combos involving the major currencies (AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD) and FXDD who have less combos pairs & the indy have displayed same results as above. This means alerts will make sense to majority of MT4 brokers users to my understanding.

These alerts will eliminate the pain to sit & watch the indy match the conditions as above.

These alerts will be used to detect significant information entering in the market therefore taking timely actions in relation to short term and long term trades.

Short term traders will have an edge to identify high probability trades and act accordingly in good time.

please help

dear theforexgeek

i am looking to turn indicator " batfink" to ea

it draw 2 horizontal line depond on ( LocalTimeZone , DestTimeZone , PipsForEntry)
if possible the ea buy when price hit the upper line ( & buy execute when price jump over next candle )
without repeat the same order each time to reach upper line .
so the price will go to our tp or stoploss ( we will go with trend )
the same for sell order but for lower line
prefer work with 5 digits fxdd

i attached image & the indicator
also i will really appreciate if you give me your paypal account
thank you in advance

Indicator to EA

Hi, can you help me code my indicator to an EA that will place trades automatically on its own?
I use silvertrendsignal indicator. I prefer the EA to have these modes
1. Takeprofit mode
2. Close by other side condition mode
3. Takeprofit and close by other side condition mode
4. Trading hours
5. Stealth mode
6. Trade on the same bar with the signal
Any assistance will be highly appreciated
Please send me a private message or mail me on this address: intimatecool(at)yahoo.com

Hi and thank you for your generous offer to code for free. I have what I think will be a simple request. MT4 has an indicator called OSMA. Can you turn it into an EA and add alerts when it crosses the zero line? Is it possible to add to the alert an email or text message in addition to a sound? Any help you can provide would be greatly appreciated! I am brand new to MT4 and trying to learn the platform. Thanks!